Ripple Price Prediction – November 22
The Ripple price may consolidate as the coin faces the downside, traders may experience more downtrends.
XRP/USD Market
Key Levels:
Resistance levels: $1.20, $1.25, $1.30
Support levels: $0.90, $0.85, $0.80
XRPUSD – Daily Chart
XRP/USD is sliding below the 9-day and 21-day moving averages as the coin heads to the negative side before. The current movement towards the lower boundary of the channel may create more damages to the coin if it crosses and stay below the support level of $1.00. Following the path of all other coins, Ripple has made a cut of 1.97% in the last 24 hours and the coin is likely to dip below $0.95 support.
Ripple Price Prediction: Ripple Price Ready for Further Downside
At the time of writing, the Ripple price is recovering from the daily low of $1.00 and any attempt to make it cross below this critical level may open the doors for more downsides as the price could hit the support of $0.95. However, traders should keep eye on the $1.05 before creating a new bullish trend towards the resistance levels of $1.20, $1.25, and $1.30.
However, should in case the price fails to rebound, there is likely a bearish breakout to trigger more selling opportunities within the market, which might cause the price to test the support level of $0.95 and could further drop to $0.90, $0.85, and $0.80 support levels. The Relative Strength Index (14) is likely to cross below 40-level suggesting that the crypto may fall more.
When compares with Bitcoin, the Ripple price is seen moving below the 9-day and 21-day moving averages. However, if the selling pressure continues, the Ripple price may continue with the bearish movement. At the moment, the Relative Strength Index (14) is likely to cross above 50-level and traders may begin to see positive move in the market if the bulls push the coin above the upper boundary of the channel.
XRPBTC – Daily Chart
At the moment, the Ripple is crossing above the 9-day MA at 1841 SAT as traders may expect close resistance level at 2000 SAT and above. Therefore, should in case a bearish movement occurs and bring the price back below the 9-day and 21-day moving averages; traders may confirm a bearish movement and the nearest support level could be found at 1600 SAT and below.
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